Landmark Infrastructure Partners LP Unit (LMRK) To Go Ex-Dividend on August 3rd

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) declared a quarterly dividend on Friday, July 24th, Zacks reports. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.20 per share by the financial services provider on Friday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date of this dividend is Monday, August 3rd.

Landmark Infrastructure Partners LP Unit has raised its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Landmark Infrastructure Partners LP Unit has a payout ratio of -1,000.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Landmark Infrastructure Partners LP Unit to earn $0.19 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 421.1%.

NASDAQ LMRK opened at $10.34 on Friday. The company has a fifty day simple moving average of $9.73 and a two-hundred day simple moving average of $11.97. The stock has a market cap of $259.62 million, a P/E ratio of 18.20 and a beta of 1.10. Landmark Infrastructure Partners LP Unit has a 12-month low of $7.05 and a 12-month high of $18.45. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 2.33.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.10. Landmark Infrastructure Partners LP Unit had a net margin of 21.43% and a return on equity of 12.44%. The firm had revenue of $15.68 million during the quarter, compared to analysts’ expectations of $15.86 million. As a group, sell-side analysts forecast that Landmark Infrastructure Partners LP Unit will post 0.25 earnings per share for the current year.

Several research analysts recently issued reports on LMRK shares. Royal Bank of Canada cut shares of Landmark Infrastructure Partners LP Unit from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $17.00 to $9.00 in a report on Thursday, April 23rd. BidaskClub raised shares of Landmark Infrastructure Partners LP Unit from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised shares of Landmark Infrastructure Partners LP Unit from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, May 7th. Finally, B. Riley reduced their target price on shares of Landmark Infrastructure Partners LP Unit from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.25.

Landmark Infrastructure Partners LP Unit Company Profile

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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Dividend History for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

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